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IBNeko's Journal-Nyo~!
ibneko
ibneko
Google
Ouch~ google dropped massively overnight, in response to the delayed news from two days ago (not meeting expectations).

They went down from 430+ down to slightly below 400 ^^;; I'm glad I canceled my command to sell... although... this is assuming google will recover. It's kinda hard to think they'll die completely, but things have been going a bit slowly. I think they'll go up again, although it'll take several months, or a major release / positive bit of news.

Sadly, my AMD stock is now actually doing better, in terms of profit ($267 original investment there vs. the $300 spent on Google). o.O And I've only held AMD for a month.

Which means, massive props to AMD. :D

I should have sold google yesterday morning as I had thought about. And gotten myself an iPod. XP That would have made me 435~ (yes, I hold 1.0017 shares of google... dunno how that happened. Although now it'd actually be a good idea to pick up some more google stock, even though that's only based on me and my belief that Google will still go up.)

...Although, actually, several analysists have been suggesting that Google would fall soon. This has been going on for... several weeks now, I think. Although a decent (but quieter) group have been claiming that Google will hit $800. That would rock, but I think that's a bit of a high call....

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Current Music: Can You Keep A Secret? - Utada Hikaru - LOCAL FILE, DISTANCE

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Comments
selphish From: selphish Date: February 1st, 2006 05:31 pm (UTC) (Link)
Why did google fall?
jaiwithani From: jaiwithani Date: February 1st, 2006 05:52 pm (UTC) (Link)
1. Communism. google.cn - That's google's new Chinese site. .cn is China's tld, and China isn't exactly about "not being evil". Results on google.cn are censored according to the Chinese government, which wants you to know that Tibet has really always been part of China, China has no humans rights violations, etc. Google agreeing to work with the Chinese government made a lot of people mad.

2. Orwellism. google.com - Which is to say, problems in the U.S. The government here is trying to force google to hand over their results so they can fight terrorism/pornography/"unresponsible criticism". MSN and Yahoo! are believed to have complied, but google is fighting. And fighting the US government is usually not good for profits.

3. Capitalism. Google's stock has been overvalued for a while, as it runs as much on hype as it does on innovation. While that hype has sustained and grown the price a lot, and made a lot of investors and google employees very wealthy, no one knows if google will be able to meet the long-term incredible expectations people have for it.

It reamins to see whether the tumble was a short-term blip or a sign of the stock coming back to Earth. My hopes are that it keeps up - google does wonderful things for me, and has now revealed that they're using/improving Ubuntu, my linux distro of choice. As to the China fiasco, it appears that google.cn is hackable enough to allow Chinese citizens to actually access more information now than before, and one more chink in the great firewall is a good thing in my book.
selphish From: selphish Date: February 1st, 2006 05:54 pm (UTC) (Link)
Thanks for the explanation. I've heard about one and two (and greatly respect Google for two), but I heard nothing about three.
ibneko From: ibneko Date: February 1st, 2006 10:24 pm (UTC) (Link)
::gives jaiwithani cookies for giving a better explaination than Neko would have been able to do::
porsupah From: porsupah Date: February 2nd, 2006 02:45 am (UTC) (Link)
Got any AAPL? Now seems like a local minimum, or slightly after it, following that "OMG fabulous results they can't possibly do better next time AAAAAAAH!" panic on Wall Street that sent them down from about $84 to $72. (Got to love the markets.. :)
ibneko From: ibneko Date: February 2nd, 2006 03:38 am (UTC) (Link)
Heh, of course I got apple.

..actually, Apple makes up err... around 25-30% of my portfolio. ^^;; which tends to earn me lectures from my friends who actually know stuff 'bout the stock market and investing money. (need to diversify! dum dee dum~)

fbartho From: fbartho Date: February 2nd, 2006 05:41 am (UTC) (Link)
Hey! who do you have a portfolio with?, how much is it for if you don't mind (less crucial question)? How much are the commissions for trading with them? Everywhere I look has big commissions. Also do they have web interfaces?
ibneko From: ibneko Date: February 2nd, 2006 06:09 am (UTC) (Link)
Sharebuilder.com.
They've got three service tiers:
Free, "automated" (tuesday only, preplanned) trades cost $4, and market orders are $16.. Limit orders cost even more than that.
$12?/mo, with ? automated trades, $14? for market orders.
$20/mo, with 20 automated trades, $12 for market orders, $15? for limit orders.

I'm pretty sure they're online only... hm, pass me your e-mail address, I'll refer you. You'll get $25 bonus (and I pick up an extra 5 trades..)
fbartho From: fbartho Date: February 2nd, 2006 07:44 am (UTC) (Link)
I have this firefox extension that lets me preview e-mails ajax style for yahoo, but it breaks yahoo's form post protection script, and has the side effect of losing whatever I have typed in the form before I can copy it somewhere safe. End result, I lost my reply to you.

I said though to refer fredericfbartho at yahoo!

And I had a couple more questions. I assume of course that you make more than 12 or 20$ a month doing this? Also what are their limits for lowest share price and largest share purchase number, I have this random dream of putting in a small amount of money,~200-300 into a stock with shares at less than a penny, and having the share go up to 10cents and suddenly having 2000 dollars. How much budget should I start with though for things other than the penny stock game?
ibneko From: ibneko Date: February 2nd, 2006 08:16 am (UTC) (Link)
Err, well, you can switch between plans... so the way I've been doing it, is picking up the $20 plan when I need to buy or sell, otherwise, keep the free plan when I'm just holding onto stocks. Overall, deducting costs, I think I've made 650 over the past year or so that I've had my account.

Mmm, they may not offer penny stocks... Dunno. I've had that dream too. :D
Budget? Eh, that's up to you. Honestly, I'm not a smart investor: I do things with very, very short term goals in mind (3-6 months), and I get lectured by my friends for the silly choices I make. There's enough resources online that you should be able to figure out what's best for you.

referral sent~!
fbartho From: fbartho Date: February 2nd, 2006 08:41 am (UTC) (Link)
thanks man! I guess this is a personal question, but how much budget did you need to make the 650? and do you pull the money out of stocks or reinvest it... ie. are you 650 richer on paper, or in cash. I understand the wanting the 20$ plan for the limit trades, how often can you switch between?
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